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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

Nov 26 3:59 PM EST

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To: Meathead who wrote (44234)	5/22/1998 12:05:00 AM
From: Mr. Aloha	Read Replies (5) of 176387

The stock is selling off NOT because of the lame whisper #'s.... but because of... May 21, 1998: 8:40 p.m. ET Dow gets rate jitters - May 21,1998 CNNfn's tech indexes CNNfn's tech stocks NEW YORK (CNNfn) - Chip stocks dropped Thursday amid persistant concerns that pricing pressures will take a big bite out of industry revenues. Shares of Intel (INTC) led the way, falling 2-7/8 to close at 74-1/8. Deutsche Morgan Grenfell warned the chip giant faces slow sales growth in Europe and competition here in the U.S., which could result in an earnings shortfall for the current quarter. Rival Advanced Micro Devices (AMD) slipped 7/16 to 20-3/16. Continuing concerns about pricing pressures in the PC business knocked 4-11/16 of Dell Computer's (DELL) stock. It closed at 87-1/16. Compaq Computer (CPQ) lost a bit more than 1 to close at 28-1/2, and Hewlett-Packard (HWP) fell 1 to 64-7/8. PaineWebber cut its earnings estimates on Gateway (GTW). It's shares shed 1/2 to finish at 46-1/2. ------------ When I say the "majority" of buyers are not purchasing 400Mhz machines, that's a fact. They are buying in the 266Mhz range. In about 3 months they will buy in the 400Mhz range. The point you folks need to focus on is what DELL will do this Quarter based on what the industry is doing. If DELL holds this price even though INTC and most of the other tech stocks slide a little, WHAT will happen if the momentum is taking away from DELL with a not so stellar earnings report? How many people will buy a 400Mhz DELL for $2400(?) when they can get a 266Mhz for $1500(?) How many units will ship? What are the margins? What percentage feels the need to pay $900 more today for what will be $1500 in six months? People are learning that it just doesn't make sense to throw money away for a 6 month advantage. How many companies need a machine faster than 266Mhz right now for $900 more? It's the world's fasted spreadsheet/word processor. :-) Aloha

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